Desk Report
Publish: 08 Mar 2022, 10:46 pm
Russian President Vladimir Putin || Photo: Collected
Russia has said all corporate
deals with companies and individuals from “unfriendly countries” will now have
to be approved by a government commission.
Moscow said on Monday it approved
a list of countries and territories taking “unfriendly actions” against Russia,
its companies, and citizens in the wake of severe economic sanctions over the
Ukraine conflict.
The list follows a presidential
decree on March 5 allowing the Russian government, companies, and citizens to
temporarily pay foreign currency debts owed to overseas creditors from “unfriendly
countries” in roubles.
According to a government
statement, the list includes Albania, Andorra, Australia, Great Britain,
including Jersey, Anguilla, British Virgin Islands, Gibraltar, European Union
member states, Iceland, Canada, Liechtenstein, Micronesia, Monaco, New Zealand,
Norway, South Korea, San Marino, North Macedonia, Singapore, United States,
Taiwan, Ukraine, Montenegro, Switzerland, and Japan.
To make such payments, the
government said debtors should open a special type of rouble account with a
Russian bank and transfer the rouble equivalent of the foreign currency amount
owed, according to the central bank’s official exchange rate on the day of
payment.
This temporary arrangement for
paying foreign debts applies to payments exceeding 10 million roubles ($76,000)
a month.
Russia’s war on Ukraine has been
met with outrage from the international community, with the EU, UK, and US,
among others, imposing a range of economic sanctions on Moscow.
Hundreds have been killed in
Ukraine since Russia launched its war on February 24, according to United
Nations figures, with the real toll feared to be significantly higher.
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